Report: Ford to build auto plant in Mexico

Originally published February 7, 2016 at 3:27 pm
Updated February 7, 2016 at 3:28 pm

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The Associated Press

NEW YORK (AP) — Published reports are saying that Ford plans to build a new auto plant in Mexico, with plans to rev up production there.

According to The Wall Street Journal, Ford plans to build a new assembly complex in San Luis Potosi and expand an existing facility near Mexico City.

The Journal says the Dearborn, Michigan, carmaker will add 500,000 units of annual capacity there, beginning in 2018. That would be more than double last year’s production in that country. The newspaper cites unnamed people briefed on the plan.

The move reflects how Mexico has become an attractive place for global carmakers.